Examlex
Research topics must be "refined" before they can be effectively and efficiently researched.
Variable Rate
An interest rate that fluctuates over time with market conditions, often applied to loans and credit.
Prime Rate
The prime rate is the interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark for various loan products.
Bond Indenture
A legal contract between a bond issuer and the bondholders, outlining the terms, conditions, and covenants of the bond issue.
Floating-Rate Payments
Refers to interest or dividend payments that adjust periodically based on a reference rate, like LIBOR or the Prime Rate.
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